Veidekke amends early redemption price; cancels proposal, meeting

By Taylor Fox

New York, Sept. 14 – Veidekke ASA decided to improve the early redemption price in the proposal for its VEI11 bond (ISIN: NO0010823388) to be par plus interest with settlement on Sept. 24, according to an announcement.

Veidekke also cancelled the early redemption proposal and the Sept. 16 bondholders’ meeting for the VEI10 bond (ISIN: NO0010819261).

Veidekke considered an amendment of the early redemption price suggested by holders to be too expensive and not in its interest to go forward with. Instead it has decided to keep the VEI10 bond issue as part of its funding base and composition. Both are continuously under evaluation.

Nordic Trustee AS is the bond trustee.

Veidekke is a construction company based in Oslo.

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